| INTANGIBLE ASSETS |
6. INTANGIBLE ASSETS Intangible assets on the Company’s condensed consolidated balance sheets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | Weighted Average | | June 30, 2026 | | December 31, 2025 | | | Amortization | | Gross | | Accumulated | | Net Book | | Gross | | Accumulated | | Net Book | | | Period | | Amount | | Amortization | | Value | | Amount | | Amortization | | Value | Customer lists | | 14.1 years | | $ | 117,084 | | $ | (62,693) | | $ | 54,391 | | $ | 117,927 | | $ | (59,006) | | $ | 58,921 | Trade name | | 13.7 years | | | 16,011 | | | (9,856) | | | 6,155 | | | 16,105 | | | (9,471) | | | 6,634 | Design and technologies | | 10.5 years | | | 41,847 | | | (20,918) | | | 20,929 | | | 42,232 | | | (19,396) | | | 22,836 | Total | | | | $ | 174,942 | | $ | (93,467) | | $ | 81,475 | | $ | 176,264 | | $ | (87,873) | | $ | 88,391 | | | | | | | | | | | | | | | | | | | | | |
Amortization expense for intangible assets was $3,133 and $3,125 for the three months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, amortization expense was $6,256 and $6,218, respectively. Estimated future intangible asset amortization expense as of June 30, 2026 is as follows: | | | | | | Total | | | Estimated | Year ending December 31, | | Amortization Expense | Remainder of 2026 | | | 6,122 | 2027 | | | 11,888 | 2028 | | | 11,135 | 2029 | | | 9,496 | 2030 | | | 9,342 | Thereafter | | | 33,492 | Total estimated amortization expense | | $ | 81,475 | | | | |
|